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The Second Costliest Imports of India is Reigned 14 November 2013
After oil imports, Gold imports are the highest to drain out Indian currency. Because of the diminishing value of Indian Rupee in the international exchange value, the Government of India took stern steps to curb gold imports by levying more...
Keywords: Gold Buyings, Finance Minister Chidambaram, Finance Minister Chidambaram, Second Costliest Imports of India is Gold
Read MoreIndia objectionably to ban gold imports! 20 June 2013
A senior finance ministry official said on Thursday that India would be objectionably to ban gold imports or strengthen import taxes on the metal further since because that may show the way towards more gold smuggling. The official added that...
Keywords: ban on gold imports otherwise strengthen import taxes, finance ministry, strengthen import taxes, finance ministry
Read MoreGovt cuts Gold & Silver import tariff values 03 February 2014
The government has slashed the import tariff values of Gold and silver today. Till yesterday, the tariff value on imported gold was at $407 per ten grams now the value is $404 while silver is $663 per kg now it...
Keywords: Central Board of Excise and Customs (CBEC), Gold Imports, Govt cuts Gold & Silver import tariff values, government cuts import tariffs on gold and silver
Read MoreRelaxation On Curbs on Gold Imports 24 December 2013
Due to the restrictions on the gold imports smuggling of gold in to India is rampant. To address the problem the Government seems to be considering the relaxation of the curbs on gold imports. In order to control the Current...
Keywords: Relaxation Curbs on Gold Imports, Relaxation Curbs on Gold Imports, Gold Smuggling, Current Account Deficit (CAD)
Read MoreNew Customs norms from Jan 1 31 December 2013
As the illegal Gold imports have raised to a huge margin in the year 2013, the Custom Authorities have tightened the regulations now and here after all passengers coming to India will now have to fill in a new detailed...
Keywords: Indian customs services, Indian customs department, Business, Customs
Read MoreGold prices coming down 23 May 2014
With RBI lifting the restrictions on Gold imports, the price of precious metal is coming down slowly. Currently 10 grams of 22 carat gold is priced at Rs 26,600 while 24 carat is at 28,500.
Keywords: Gold price in India, Gold prices coming down, Gold imports, Quick news
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